Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs.

Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.

Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as type of mortgage terms that suit you best.

Don’t let yourself be house poor. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.

Don’t be naïve. Insist on a home inspection and if possible get a warranty from the seller to cover defects within one year.

Get help. Consider hiring a REALTOR® as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2003. All rights reserved.

Contact Us!

Monette and Linda have the most knowledge on area pricing coupled with first hand experience implementing effective marketing strategies that will bring the most for your property, in the shortest amount of time.

Equal Housing Opportunity. This material is based on information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and should not be relied on as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. |